Revenue eBrief No. 111/22

18 May 2022

Case V excess capital allowances and Case V losses: Order of set-off for individuals and between jointly assessed spouses and civil partners

Tax and Duty Manual Part 04-08-08 (Case V excess capital allowances and Case V losses: Order of set-off for individuals and jointly assessed spouses and civil partners) has been updated in Paragraph 3 to include reference to section 97A TCA (pre-letting expenditure in respect of vacant premises) and to confirm that allowances under section 285A (acceleration of wear and tear allowances for certain energy-efficient equipment) cannot be claimed against rental income.